Credit Suisse Investment Banking Women's Scholarship
Terms and Conditions
1.
Award Information
1.1
Credit Suisse Management (Australia) Pty Limited wishes to encourage women currently
engaged in undergraduate university studies to consider careers within the finance sector.
Credit Suisse is proud to offer its own investment banking scholarship for female university
students (the Scholarship). The Scholarship is intended to assist female students as they
plan for their final year of study and entry into a career in investment banking through
providing financial support, the opportunity to interview for an internship and the opportunity to
build relationships with professionals working within Credit Suisse.
2.
Details
2.1
Financial Assistance: A$10,000 (less applicable tax, if any)
2.2
Other benefits:
The Awardee will be shortlisted to participate in final round interviews
for the Summer Internship Programme, and will automatically by-pass initial-round interviews.
(see Clause 3 below for more details)
2.3
Number Awarded:
1 scholarship awarded in 2012 for 2013
2.4
Duration:
1 year (to run with a calendar university year, i.e. February to November)
2.5
Study Mode:
Full-time undergraduate study, on-campus (that is, not
correspondence study)
3.
Summer Internship Programme
3.1
In addition to a cash payment valued at A$10,000 (less applicable tax, if any), the Awardee
will be given the opportunity to automatically participate in final round interviews for a paid
position in Credit Suisse's Summer Internship Programme. This Programme offers participants
both challenges and real business experience.
3.2
Credit Suisse's Summer Internship Programme is an 11 week programme commencing at the
end of November of each year. The Summer Internship Programme operates to give interns
exposure to at least one of Credit Suisse's three businesses in the Investment Banking
Division (being Investment Banking Dept, Equities and Fixed Income) and is an important
source of full-time hiring in Australia. It provides the Awardee the opportunity to participate in
our unique collaborative culture. During the Summer Internship Programme participants meet
and network with peers and Credit Suisse employees from all levels, and will develop a skill
set that will set them apart from other graduates embarking on careers in finance.
3.3
The Scholarship Awardee will have the chance to participate in final round interviews for
Credit Suisse's Summer Internship Programme. Each division has two rounds of interviews
and candidates are assessed with generally three or four competency-based interviews.
3.4
It is not a condition of the Scholarship that the Awardee must be available to participate in the
Summer Internship Programme.
4.
Eligibility Criteria
4.1
To be eligible for the Scholarship, you must be:
(a)
a female student in your penultimate year at any Australian university;
(b)
enrolled fulltime in an undergraduate degree(s) from any academic field; and
(c)
an Australian citizen, permanent resident or otherwise be permitted to work in
Australia on a full time basis at the time that you submit your application. Please
contact Credit Suisse for further information about other persons who may be eligible
under this condition.
4.2
Students who already hold other scholarships or intend to undertake a summer internship are
eligible and encouraged to apply. Please note that students who hold scholarships from other
Investment Banks are not eligible to apply.
5.
Selection Criteria
5.1
The winner of the Credit Suisse Investment Banking Women's Scholarship, as determined by
the Selection Panel, (which generally comprises of business representatives), must
demonstrate exceptional ability in all of the following 7 areas:
(a)
Academics: A distinction to high distinction average.
(b)
Leadership: Proven ability to lead and build a team; inspire, empower and encourage
others toward action; accountable for their own actions.
(c)
Intellect/Problem Solving: Displays an analytical approach to tasks; systematic and
logical reasoning to problem solving; and quantitative capability
(d)
Driving Results: Self motivated, resourceful, driven with a committed work ethic;
delivers “outcomes”.
(e)
Building and Maintaining Relationships: Adaptable and supportive team player with
a positive outlook.
(f)
Communication: Articulate, confident, active listener. Considered in their approach.
(g)
Adhering to Standards: Behaves ethically, acts with integrity and possesses the
courage to stand on principle.
6.
How to Apply
6.1
Applications must be submitted online at www.credit-suisse.com/careers and include the
following necessary documentation:
(a)
a cover letter addressed to the Recruiter (marked Ref: Credit Suisse Scholarship);
(b)
a resume;
(c)
a certified copy of your most recent academic transcript; and
(d)
proof of eligibility to work in Australia following graduation.
6.2
When applying online, you must select the Melbourne or Sydney office to process your
application, based on your own location (candidates who are not residents in Victoria or New
South Wales must select the Sydney office).
6.3
All applicants will be notified in writing of the outcome of their application.
6.4
For further details about the Scholarship, please visit www.credit-suisse.com/careers.
7.
Closing Date
7.1
The closing date for all applications will be Wednesday 16th May 2012, Midnight AEST.
Applications received after this date will not be considered.
8.
Offer of Scholarship
8.1
All hardcopy correspondence during the application process will be sent to the address
submitted in your scholarship application. Please ensure that your address details in your
application are up-to-date.
8.2
The Awardee will receive a Letter of Offer outlining the details of the Scholarship and how to
accept the offer. You must accept the offer of the Scholarship in writing by the date specified
in the Letter of Offer. If the offer is not accepted within the date specified, the offer will lapse
and the Scholarship may be allocated to another eligible student.
9.
Payment Tenure
The Scholarship shall comprise of a cash payment of ten thousand dollars ($10,000) payable
directly into your nominated bank account in two equal instalments during your final year of
study, each of $5,000, less applicable taxes if any. The first instalment will be paid in mid April
and the second and final instalment will be paid in mid September.
10.
Enrolment
10.1
Unless there are exceptional circumstances, throughout the life of the Scholarship you must:
(a)
maintain a full time study load (at least 18 units) during your final year of study;
(b)
have achieved and maintain satisfactory academic progress (see clause 10.2 for
further details); and
(c)
pass all courses / units attempted during your final year of study.
10.2
Credit Suisse shall determine whether your academic achievements both prior to and
throughout the life of the Scholarship are satisfactory, but as a minimum, you must, have
achieved academically a distinction average in previous years of study, and maintain a
distinction average in the year of the scholarship.
10.3
To enable Credit Suisse to monitor your academic progress, you give undertake to provide
details of your academic progress (including but not limited to your enrolment details and
academic transcripts) upon its request.
10.4
If you make any changes to your enrolment after receiving any instalment of the Scholarship
you must notify Credit Suisse immediately of such changes. Failure to advise Credit Suisse of
changes in a timely manner may result in forfeiture of the Scholarship.
11.
Leave of Absence
11.1
Where you intend to take a leave of absence during your final year of study, you must apply
for and seek approval from Credit Suisse to suspend the Scholarship for the period of leave
prior to taking the leave. In the event your leave of absence is unexpected due to exceptional
medical circumstances, you must seek approval as soon as possible following
commencement of leave.
11.2
Any application for suspension should be accompanied by appropriate supporting material (for
example, doctors' certificates).
11.3
The maximum amount of time in which Credit Suisse may allow you to suspend the
Scholarship is [12] months.
11.4
Approval for both suspension and continuation of the Scholarship is at the sole and absolute
discretion of Credit Suisse.
11.5
If Credit Suisse approves a leave of absence, you will not be entitled to receive any
scholarship payments during the leave of absence. When you recommence your studies, your
scholarship payments will resume according to the terms and conditions set by Credit Suisse
in connection with your leave of absence, or as otherwise set out in these terms and
conditions.
12.
Deferment & Transfer of Scholarship
12.1
Except where Credit Suisse grants you permission to suspend your studies in accordance with
Clause 11, you will not be able to defer the Scholarship.
13.
Termination of Scholarship
13.1
After the Scholarship has been awarded, the Scholarship may be terminated by Credit Suisse
if you no longer satisfy the conditions of the Scholarship. You will no longer satisfy the
conditions of the Scholarship if you:
(a)
discontinue, withdraw from or are terminated from your course of study;
(b)
vary your enrolment such that you will not be completed your course of study by
November 2013 (this only applies in circumstances where Credit Suisse has not
approved a leave of absence in accordance with Clause 11);
(c)
do not notify Credit Suisse of changes to your academic circumstances during the life
of the Scholarship;
(d)
do not maintain satisfactory academic progress as determined by Credit Suisse in
accordance with Clauses 10.1 and 10.2;
(e)
engage in academic misconduct (including but not limited to failing to adhere to
university academic and administrative policies) or any other misconduct or improper
behaviour which in the sole determination of Credit Suisse causes or has the potential
to cause harm to the business or reputation of Credit Suisse;
(f)
do not meet the Eligibility Criteria contained in Clause 4 during the life of the
Scholarship;
(g)
do not meet eligibility for study in Australia; and
(h)
do not comply with any conditions specified in the Letter of Offer.
13.2
If you no longer satisfy one of the conditions in Clause 13.1, Credit Suisse may, at its sole and
absolute discretion, terminate the Scholarship and require you to immediately repay to Credit
Suisse the entire amount (or at the discretion of Credit Suisse, a pro-rata amount) of any
payment already made to you in connection with the Scholarship.
13.3
If the Scholarship is terminated pursuant to Clause 13.1, you will be required to reapply for the
Scholarship should you wish to participate in the programme again and there is no guarantee
that you will be offered another Scholarship or an opportunity to rejoin the Scholarship that
was terminated.
14.
Provision of False Information
14.1
The awarding of the Scholarship is based on the information that you provide to Credit Suisse.
The Scholarship may be withdrawn at any stage if you provide incorrect information or
withhold relevant information, or if you ask another person to do so on your behalf.
15.
Privacy
15.1
The information you provide to Credit Suisse in connection with your application for the
Scholarship is collected for the primary purpose of assessing your eligibility to receive the
Scholarship. Other purposes of collection include dealing with administrative matters relating
to your application, administration of the Scholarship programme, corresponding with you,
statistical analysis and to comply with legislative reporting requirements.
15.2
You have a right to access your personal information that Credit Suisse holds, subject to any
exceptions in relevant legislation. If you wish to seek access to your personal information or
inquire about the handling of your personal information, please contact The Australian
Campus Recruiter by email at campus.recruitment-ap@credit-suisse.com.
15.3
Please refer to the Credit Suisse website for our global privacy policy
16.
Other Conditions
16.1
The Scholarship shall be administered and funded independently by Credit Suisse. You
acknowledge that your university has no obligation or liability to award or administer the
Scholarship.
16.2
The Scholarship will entitle the Awardee to an opportunity to interview for a position in Credit
Suisse's Summer Internship Programme as part of the final round interviews but does not
constitute a guaranteed offer of a position in Credit Suisse's Summer Internship Programme.
Further, neither the Scholarship nor participation in Credit Suisse's Summer Internship
Programme should be construed as a guarantee or commitment of any ongoing employment
with Credit Suisse.
16.3
Credit Suisse may change these terms and conditions at any time at its sole discretion and
shall provide the Awardee with written notice of such changes as soon as reasonably
practicable.
17.
Acceptance of Conditions
17.1
In applying for the Credit Suisse Investment Banking Women's Scholarship, you acknowledge
that you have read, understood and accept the terms and conditions outlined above.
17.2
Failure to meet any of these terms and conditions may result in:
(a)
the termination of the Scholarship, if awarded, by Credit Suisse at its sole and
absolute discretion; and
(b)
the repayment by you of any scholarship money awarded by Credit Suisse
immediately upon termination of the Scholarship.